Newsletters

Giant pink diamond from Christie's a cut above the rest

September 26, 2018

A pink diamond weighing in at almost 19 carats is set to go on tour before being auctioned in Geneva and could fetch a record price of between $30 million (£23 million) and $50 million, Christie’s auction house announced on Tuesday.

ReutersThe rectangular cut Pink Legacy is rated “vivid”, the highest rating for a diamond’s colour, and weighs 18.96 carats, making it the largest fancy vivid pink diamond Christie’s has ever offered for auction.

It was once part of the Oppenheimer collection, Christie’s said, referring to the family who built De Beers into the world’s biggest diamond trader.

Its exceptional provenance will no doubt propel it into a class of its own as one of the world’s greatest diamonds,” said Rahul Kadakia, international head of jewellery at Christie’s.

Only four vivid pink diamonds of over 10 carats have ever been offered for sale at auction, with a record price per carat set last November when Christie’s Hong Kong sold “The Pink Promise”, an oval-shaped diamond of just under 15 carats, for $32,480,500.

The Pink Legacy will be shown in Hong Kong, London and New York before being auctioned by Christie’s Geneva on Nov. 13.

The “Pink Legacy”, a diamond weighing just under 19 carats, fetched a record 50.375 million Swiss francs ($50 million), purchased by U.S.-based luxury jeweler Harry Winston, Christie’s said on Tuesday.

Archives pink diamond

...Legacy brought this extremely high price of $50 million, so $2.6 million per carat which is a world record price for a pink diamond,” Curiel, who is also a jewel expert, said. “This stone for me is the Leonardo Da ...

...cutting and polishing facility. It also has another facility in Siberia.Last year, the company mined a 27.85-carat pink diamond and a 34.17-carat yellow one. The number, size and shape of polished gems to be produc...

...bidder as applause filled the room.Auctioneers Christie's said it was the second highest price per carat paid for a pink diamond, next to the five-carat "Vivid Pink" which sold in Hong Kong for $10.78 million in 20...